Dassault Systemes (OTCMKTS:DASTY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.
According to Zacks, “Dassault Systemes is a worldwide recognized leader in CAD/CAM/CAE and PDM II markets. The company’s mission to provide solutions to enable customers to build their digital enterprise, by defining, simulating, managing and optimizing concurrently product, manufacturing process, and resources. In this virtual space, customers create innovative, high quality, safe and affordable products. The company delivers scaleable process and design-centric solutions on both Unix and Windows NT environments. “
Separately, Societe Generale downgraded shares of Dassault Systemes from a “buy” rating to a “hold” rating in a report on Thursday, October 26th.
Hedge funds and other institutional investors have recently modified their holdings of the company. Parametric Portfolio Associates LLC boosted its position in shares of Dassault Systemes by 8.3% in the second quarter. Parametric Portfolio Associates LLC now owns 214,499 shares of the technology company’s stock worth $19,198,000 after acquiring an additional 16,379 shares during the last quarter. Lenox Wealth Management Inc. acquired a new stake in shares of Dassault Systemes in the second quarter worth approximately $584,000. Finally, Eqis Capital Management Inc. boosted its position in shares of Dassault Systemes by 17.2% in the third quarter. Eqis Capital Management Inc. now owns 10,457 shares of the technology company’s stock worth $1,055,000 after acquiring an additional 1,535 shares during the last quarter. Institutional investors and hedge funds own 0.18% of the company’s stock.
Dassault Systemes Company Profile
Dassault Systemes SE is a France-based company that operates as a holding. The Company is engaged in the sale of software solutions. The Company is engaged in the development of various software solutions integrated in the 3DEXPERIENCE platform. The Company’s 3DEXPERIENCE portfolio consisted of three dimensional (3D) modeling applications, simulation applications creating virtual twins of products or production systems, social and collaborative applications, and information intelligence applications.
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